Gold Jedidiah Marc 4
Research Summary
AI-generated summary
Mister Car Wash (MCW) CFO Gold Jedidiah Marc Receives RSUs, Sells Shares
What Happened
Gold Jedidiah Marc, Chief Financial Officer of Mister Car Wash (MCW), had 15,203 restricted stock units (RSUs) vest on March 1, 2026, which converted into 15,203 shares (reported as a derivative exercise/acquisition at $0.00). A portion of those shares—4,761—were automatically sold on March 2, 2026 in an open-market transaction at $7.08 per share, generating net sale proceeds of $33,708. The sale was an automatic, non‑discretionary transaction to cover taxes and fees associated with the RSU vesting.
Key Details
- Transaction dates: RSU vesting/conversion reported March 1, 2026; automatic sale on March 2, 2026.
- Acquisition: 15,203 shares acquired via RSU conversion (reported at $0.00).
- Sale: 4,761 shares sold at $7.08 each for total proceeds of $33,708.
- Reason for sale: Footnote confirms shares were automatically sold to cover taxes/fees on vesting (tax withholding).
- Vesting schedule: These RSUs vest in four equal installments beginning March 1, 2024; this filing relates to a vesting event.
- Shares owned after transaction: Not specified in the provided filing.
- Filing timeliness: No late filing indicated in the provided record.
Context
- These were RSU vesting and tax-withholding sales (a common, routine event), not a discretionary sale signaling a trading decision. The conversion of RSUs to shares and the subsequent automatic sale to cover taxes is effectively a cashless settlement for withholding purposes.
- RSUs represent a contingent right to receive one share upon vesting and, per the filing, do not expire.